Dogetti Price Prediction: Can it compete with Shiba Inu?

Dogetti Presale: Dogetti crypto is entering an already competitive market. Can it compete with the existing meme coins in the market?

Dogetti Latest News

  • As per the latest announcement by the team; $500 worth of tokens can be obtained with a $100 purchase of $DETI using the code ‘LAUNCHDETI’. The 400% bonus is available until the presale ends, allowing for greater benefits.
  • Dogetti’s pre-sale will end on June 20th.

Dogetti Price Prediction: About Dogetti

Dogetti is a meme coin whose aim is to foster a close-knit and united community called the “Dogetti family” to become the top meme coin. Furthermore, Dogetti has planned to launch Dogetti NFTs to allow its holders to adopt their own Dogetti pets.

DETI is Dogetti’s token symbol and has a total supply of 100,000,000,000 tokens. Out of the total supply, 75% of tokens will be sold during the presale period. The following are the primary use cases of DETI tokens:

  • Dogetti holders can earn passive income just by holding the coins (through Dogetti’s buy-back protocol).
  • The token holders can vote on various proposals to govern the platform.

Key features

  • It is a completely decentralized and community-driven project.
  • Dogetti NFTs will be used to represent ownership of a specific item which can later be sold on the marketplace for fiat or crypto.
  • Dogetti DAO allows the members to vote on various proposals for the development of the Dogetti project.
  • Dogetti’s buy-back protocol allows for a 2% reflection on all the transactions (i.e., 2% of Dogetti’s every transaction is redistributed to its token holders) and thus provides a steady income for Dogetti holders.
  • Dogetti’s 2% of each transaction is added to its charity wallet
  • Its 2% is split between liquidity and burn wallets to ensure project’s long-term stability.

Dogetti Coin Price Prediction: Competition Analysis

Since Dogetti is a meme coin, it competes directly with other meme coins already in the market. Below, we’ll quickly review the most popular meme coins currently available on the market:

  • A meme coin based on the Ethereum blockchain is the Shina Inu. SHIB has applications in gaming (Shiba Eternity), the Metaverse (Shibarium), and DEX(Shibaswap), in addition to being a meme coin.
  • Another well-known meme coin is Dogecoin, which was first introduced as a joke. But through time, it has gained practical utility. For instance, DOGE is used as a payment method.
  • Dogelon Mars is another meme token that adheres to ERC-20 specifications and is one of the popular coins in this domain.

Dogetti Price Prediction: Price movements of the current meme coins

Following are the price movements of the top meme coins existing in the market:

Past performance of Shiba Inu

  • Last 7 days: -5.6%
  • Last 1 month: -14.2%
  • Last 6 months: -5.2%
  • Last 1 year: -26.1%

Past performance of Dogecoin

  • Last 7 days: -2.3%
  • Last 1 month: -6.8%
  • Last 6 months: -20.7%
  • Last 1 year: -14.9%

Dogetti Coin Price Prediction: Current market scenario for the crypto to be launched

Floki, Dogelon Mars, Volt Inu, Baby Dogecoin, Tamadoge, Pitbull, MonaCoin, Shiba Predator, Hoge Finance, Safemoon Inu, King Shiba, DogeCash, Chili, PooCoin, and many other meme currencies are currently available in the market.

Dogetti is thus entering a highly concentrated market where it must be competitive to survive.

Not every meme currency, though, has the same level of popularity. Simply put, meme coins must have real-world use cases to gain traction in the cryptocurrency market. For instance, Shiba Inu is one of the most popular meme coins in the cryptocurrency market, and its expansion is due to the rising number of domains in which it is being used. So, if Dogetti broadens its use cases, it could have a promising future.

Furthermore, the global NFT market is expected to grow at a CAGR of 22.87% by the end of 2027, as per the latest report. Therefore, Dogetti can also take advantage of the growing NFT market to grow in the NFT domain.

Dogetti Roadmap

Dogetti’s roadmap is described into six phases, as discussed below:

Phase 1:

This phase includes the beginning of the presale period and the release of the website & whitepaper.

Phase 2:

Phase second includes the coin’s listing on Coinsniper, Coingecko & Coin Marketcap and the beginning of charity donations from the presale wallet.

Phase 3:

The third phase includes an influencer campaign, the marketing push through social media and meme competitions & giveaways.

Phase 4:

It includes the launch of Dogetti NFTs & Dogetti DAO and the end of the presale period.

Phase 5:

This phase includes the release of the Dogetti NFT marketplace, the Dogetti Wallet, and the Dogetti NFT breeding mechanism launch.

Phase 6:

The last phase includes the expansion of the Dogetti ecosystem by adding new features & services.

Dogetti Price Prediction: Conclusion

Though Dogetti is a meme coin, it also seeks to be useful in the actual world as it aims to enter the NFT market. As a result, it differs from other meme coins in some ways. Unfortunately, in contrast to its rivals, it doesn’t provide a lot of use cases. So, it needs to provide new use cases to compete with already-existing meme coins like Shiba Inu and survive.

Also Read: Tamadoge Price Prediction

~Charu Taneja

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.